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Commercial Savings Account |
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You must deposit $100.00 to open this account. This is an interest
bearing account. Please contact a Customer Service Representative
for our current rates.The interest rate and annual
percentage yield may change. Interest begins to accrue on the business
day you
deposit noncash items (for example, checks). Interest will be compounded
quarterly and will be credited to the account quarterly. If the account
is closed before interest is credited, you will not receive the accrued
interest. We use the daily balance method to calculate the interest
on the account. This method applies a daily periodic rate to the
principal
in the account each day. You must maintain a minimum balance of $100.00
in the account each day to obtain the disclosed annual percentage
yield. Transfers from a personal savings account to another account
or to third parties by preauthorized, automatic or telephone transfer
are limited to three per statement cycle. |
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